Japan's top labour union group urges government to stabilise forex
Yahoo Finance·2026-01-21 05:55
TOKYO, Jan 21 (Reuters) - The chief of Japan's largest trade union umbrella group Rengo on Wednesday pressed the government to steer economic policy toward stabilising foreign exchange rates, saying that the weak yen is accelerating inflation through higher import costs. The yen has sank against major currencies due to concern over Japanese Prime Minister Sanae Takaichi's dovish fiscal policy. It hit an 18-month low of 159.45 per U.S. dollar this month, its weakest since Japan last intervened in sup ...